ENERGY RECOVERY INC

Ticker: ERII CUSIP: 29270J100 Class: Common Stock

Kopion Asset Management, LLC's Holding History (CIK: 0001728689)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 334,469 Value ($000) $4,512 Avg Close $15.16 Range $13.27 - $18.32

Q3 2025

Shares 318,287 Value ($000) $4,908 Avg Close $14.10 Range $12.54 - $15.47

Q2 2025

Shares 302,837 Value ($000) $3,870 Avg Close $13.55 Range $10.86 - $16.05

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	334,469	$4,512	$15.16	$13.27 - $18.32
Q3 2025	318,287	$4,908	$14.10	$12.54 - $15.47
Q2 2025	302,837	$3,870	$13.55	$10.86 - $16.05